Founded in 2004, RCMA Asset Management (previously Aisling Analytics) is the investment manager of The Merchant Commodity Fund. The firm applies a fundamental approach to investing in commodity markets based on a detailed understanding of supply and demand dynamics and an extensive knowledge of the real world frictions, time lags and systematic limitations in producing, transporting and processing commodities. RCMA Asset Management benefits from its position as the majority shareholder of the RCMA Group, a rapidly-growing commodities trading and supply chain management company employing over 240 staﬀ through a network of 16 oﬃces across Asia, Europe, Africa and the Americas.